Riverside Company Leading Acquisition of The Townsend Group

The Riverside Company has announced the acquisition of The Townsend Group from Aon.

According to the press release, “A group of leading institutions are co-investing alongside Riverside in the transaction, including Bluerock, MLC Private Equity and Ten Capital Management, which also acted as an advisor to Riverside in the transaction.”

Bluerock will also be entering into a strategic partnership with Townsend to expand Townsend’s institutional investment capabilities to high net worth investors.

Aon plans to still have a dedicated real estate team, but will work with specialists like Townsend.

Terms of the transaction are not yet publicly available.

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